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that would have taxed people's money in the bank. gold continues its climb, while oil had a major sell off. the lead engineer at adobe is reportedly leaving for a job at apple. the software company's stock traded in heavy volume after the close on better-than- expected earnings. meanwhile, williams sonoma reports were up 9% in the latest quarter. larry shover of sfg alternatives joins us for a closer look at the trading day. good to have you on the show as always larry. yesterday, the market had a bit of a turnaround. there was a rebound into the close as news was coming in from cyprus. what do you make of that? > > i make of it that i don't think we are making that big of a deal with cyprus. as long as the sovereign debt markets have access to sovereign debt, to the banking system, something like cyprus, although it is a headline risk, it is not a macro risk that we're used to. also, we had a really good housing number yesterday, confirming that our housing recovery is indeed on its way. > we also are ahead of the fed. i know traders will be closely watching for that statement. do you exp
checking in on paychecks: has the payroll tax increase hit the american wallet? in today's cover story, bracing for higher premiums. ways employers are planning to handle your healthcare. plus, home sweet home: why more baby boomers are investing in home ownership later on in life. and, how basketball brackets can help you meet your money goals. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's monday, march 25th. i'm angela miles. in today's first look: time marches on. it's a short week for traders with the market closed for good friday. easter is early this year. stocks ended up last friday as it looks more likely that cyprus will get a bailout from the european union. gold slid 6 dollars, while oil gained $1.43. time will tell with tech giants. apple, google, samsung and now lg are all rumored to be developing smart watches. and cutting a deal: look for bi-partisan legislation to come from the senate that could overturn the tsa's decision to allow knives on planes. congress reportedly has been
, was reportedly looking at real estate opportunities on the island. a new law would eliminate taxes on gains from the $9.5 billion he has invested in his own hedge funds. his fund released a statement last friday that indicates he has no plans to permanently relocate. survey says... mark zuckerberg is a top ceo. zuckerberg topped glassdoor.com's list of top ceos of 2013. ceos from sap, mckinsey & company, ernst & young and northwestern mutual rounded out the top five. meanwhile, tim cook slipped from the top spot last year to 18th. employees of the companies vote on their ceo, which means facebook employees really "like" their boss. ceo salaries are under scrutiny as recent filings reveal the earnings of the top brass. according to reports, john stumpf of wells fargo is the highest paid head of a major bank. on the heels of rising profits, his compensation package last year was nearly $23 million. in the automotive sector, ford ceo alan mulally took a pay cut but still made more than his peers at gm and chrysler with $21 million. and in a 25-year-long tradition, warren buffett still makes $100,00
will be confiscated in a tax to bail out the country's finances. in our cover story, that's the scene as the mediterranean island of cyprus faces what its president calls "blackmail" for a bailout. *the run on atms in cyprus was sparked by a controversial deal demanded by the european union. in exchange for a $13-billion bailout to the country, a portion of bank deposit accounts from the poorest pensioners to the richest investors would be confiscated. "some of the banks put cash back in the machines, and soon there were lines around them." it's the first time depositers would pay for a bailout - 6.7% on accounts below the equivalent of $130,000, and 9.9% taken from accounts higher than that. the island nation's parliment is poised to approve or reject it. "i can't imagine parliment passing it. it's anyone's guess what parliment will do." cyprus has become a haven for offshore accounts - moody's estimates as much as half of cyprus' bank deposits - $31 billion - are from russia, much of it suspected to be involved in money laundering, leaving ordinary depositers caught in the middle. "
clara wave a hotel tax for nfl teams and staff, eliminate and ticket surcharge and a fee were off-site parking. >> it's not fiscally responsible. >>reporter: opponents say they should not have to bear the cost. >> why is a corporation like the nfl asking a small city to bare this burden. >>reporter: the bay area agreed to reimburse the city of santa clara for police and fire coverage. >> the city wanted to make sure that the super bowl related expenses that the city incurs are taken care of and that the city ends up not holding the bag. >> opponents are skeptical that the city doesn't have the money. >> what if they don't have the flown reimburse. >>reporter: miami said they will not wave the tax. they will hear. the before they vote tonight. >>> the niners super bowl committee will deliver a plan in march. if the bay area loses out for super bowl l, it will go up against houston for super bowl li. final announcement is expected to be made may 22nd. >>> turning to the weather, we've been tracking a system, bringing rain to the bay area. let's take a look at it and see how it's sta
are considering never balancing. that means more debt, fewer jobs, and, frankly, much higher taxes." meanwhile, democrats criticized the bill's lack of funding to healthcare programs. "one of the core elements of the ryan budget plan that gives us real partisan concern is that it doesn't keep our promises to our seniors, to our veterans, to our most vulernable population." the budget has no chance of passing the senate. lawmakers leave capitol hill for a two week recess after today. is this a countdown to bankruptcy? the little island of cyprus, already on financial life support, its banks all closed this week, desperately needs a bail-out. so how do depositors get their money out? line up at the atm and hope it doesn't run out out of cash. the european central bank says if the country cannot reach a bailout deal by monday, then cyprus' banks would be cut off from any more emergency funds. the parliament of cyprus is working on a bill to restructure the country's banking system and allow its 2nd largest bank to open next tuesday. it's a busy season to go public. on thursday aviv priced in at t
districts and other agencies that benefit from property tax. >> see all of those agents now must get some sink and agree to the ballpark the ballpark is an important asset that would benefit all. >> it's a regional impact and it's sad when we don't look at it in a regional way. >> today, san jose mayor chuck reed expressed disappointment, but plans to work with the agents involved to keep the dream of moving the as alive. in san jose, robert honda, ktvu channel 2 news. >>> the figures from the labor department said statistics held steady last week. >> the four-week average of applications fell by 7,500 to 340,000, the lowest number we've seen since number of 2008. >> economists say a drop in layoffs appears to be the cause. >> there's concerns about cyprus wade on investors from silicone valley oraclare. >>> the current owners are asking 4.4 million. >> it was built for waznik in 86. it includes a cave near the swimming pool. you can go to ktvu.com for a full video of the home. >>> satisfied with your smart phone? ahead in nine minutes, the devices that seem to leave people the heaviest.
to the bottom line, the president believes that we have to have more taxes from the american people. we're not going to get very far. as the president doesn't believe that the rule will be to balance the budget over the next ten years, i'm not sure we're going to get very far. >> reporter: not every republican agrees with the speaker. senator coker said that he and others are open to lifting tax loopholes as part of the deal. >>> president obama will visit israel this week his first presidential trip to the country. police in jerusalem were getting ready for their trip calling it the most important visit since 2009. some 15,000 personnel are being deployed. >>> graffiti in the west bank has already defaced posters of mr. obama but so far the subject matter is light. the protests are over a lack of mobile wireless in the region. >>> gop fundraiser carl rowe fired back at sarah palin that candidates should go back home and run for office. >> i don't think i'm a balding fat guy. if i did run for office and win i would serve out my term i would not leave office midterm. >> reporter: rowe wa
including providing services like police, fire and set up. also that santa clara wave a hotel tax for 350 rooms for nfl teams and staff, eliminate an nfl ticket surcharge, as well as an offsight parking permit fee. the city is requiring the bid committee to cover those costs. its goal is to raise $25 to $30 million. >> that is going to be the challenge of the host committee is torrets the funds necessary. >> we're first. we're not behind others. we'll be first to get paid. we'll make sure our costs are covered. >> reporter: some questioned why a multibillion business needs these types of incentives. >> i find what's being proposed somewhat appalling. essentially we're bike the nfl to come here. >> the stadium boosters have managed to admit that the deal benefits the san francisco 49ers, but not the city of santa clara. >> reporter: santa clara's competition did not approve the financial incentives requested by the nfl. >>> more details now, the bay area could see revenue similar to new orleans in this year's super bowl. that was about $185 million. league owners are expected to vote on wh
lines. it raises taxes for the wealthiest americans and cuts spending by $875 billion. but it is so different from the drastic cuts recently passed by the house, that few if any expect the budgets to be reconciled and instead congress is expecting another fiscal battle in july when president obama will likely ask for increased borrowing power. president obama has returned to washington tonight after his trip to the middle east. the president took a break from diplomacy for the final leg of the trip touring the ancient city ever petra in jordan of the petra was built more than 2,000 years ago, carved out of stone between massive delivers. mr. obama called the scene royry spectacular." >> activists in san francisco gave training on how to protest against the keystone xl pipeline during president obama's upcoming visit. a few dozen gathered at federal building to take part in the training and if approved bit obama administration that pipeline could carry oil from alberta, to refineries on west coast. >> the struggle over california's mental health care of prisoners returns to court n
checks from the payroll tax increase plus higher prices at the pump. still to come they go with what they know....could a new spin on classic films help generate profits. thats later in movies and money. but first... how an art heist from the 90's is making headlines once again. more on that next with bill moller. this neighborhood sure has changed a lot over the years. you know there was a time when people like me couldn't live here. i'll never forget being told i wasn't welcome in this neighborhood. well i own this building now, the fair housing act made a difference for someone like me. so i can choose where i want to live, free from discrimination. glad you could make it, right this way... the 1990 cunningly executed thefts of 13 works of art from the isabella stewart gardner museum in boston. works by degas, vermeer, manet, rembrandt - the value? they say around a half a billion dollars & the fbi doesn't forget they say they know who did it & expect the case to soon be resolved. let's talk with jonathan sazonoff, you consult on art thefts & have 1 of the largest data bases on th
legislators received $30,000 in tax free per diem payments. the governor made less than 6 others around the country. he earned $173,000. the governor of pennsylvania was the highst paid in the nation earning just over $183,000. >>> authorities in contra costa county identified a victim of a fiery accident on the freeway. he was a 31-year-old from walnut creek he died yesterday, north of danville after his motorcycle hit a car. he was involved in a race with several other cars including a nissan 380z that hit the embankment and burst into flames the driver was hospitalized with serious injuries. >>> the man shot and killed at a richmond bart station last thursday has been identified. 34-year-old raymond harris of san pablo. police found him on the station stairs of 19th street and mcdonald avenue. witnesses heard a number of shots at this point no one has been arrested. >>> fans of lululemon swear by the shaping benefits of the yoga pants but some may be showing off more than they intend to. they have stopped shipment of some of their pants deemed too sheer. a fabric problem. any purchas
be sold, with the money going mainly to school districts and other agencies that benefit from property tax. >> all of those agencies now must get in sync, and agree to the fact that the ballpark is an important asset, that would benefit all of them. >> reporter: wolf seemed to be making that argument when he discussed the benefits of the ballpark. >> it's a regional impact. it's sad when we don't look at it in a regional way. >> reporter: today the san jose mayor expressed disappointment, but still ruled that it was valid. >>> a san mateo county man who was tased by a national park ranger filed a lawsuit today against the federal government. gary hesterberg of montero is seeking half a million dollars in damages. he was walking his dogs in the golden gate national recreational area near montero last year, when rangers shot him with a stun gun. the parks service claims hesterberg was uncooperative, and gave a fake name when one of the rangers confronted him about having the dog off leech. >>> a temporary restraining order would have allowed nudity to return to san francisco streets. an appe
not dangerous. >>> the democrats are calling for almost $1 trillion in tax increases over the next decade. they also want to save social programs that republicans want to eliminate. standing in the way are many many amendments. >> we had about 400 amendments filed. we're not going to do 400 amendments. >>> the senate rejected a proposal by paul ryan. president obama is scheduled to offer his own program in a few weeks. >>> the aviation administration -- there's been no decision yet on the airports near santa rosa, napa, concord, livermore and san carlos. reporter mike lurey reports on a pilot in sacramento who worries about safety. >> i'm hoping that there's going to be a last minute deal before these things actually close. >>> scott miller is a pilot, he trains his students how to use the radios in the airplane to maintain proper spacing for take offs but says traffic controllers will be missed. >> being able to call traffic controller and help us locate other traffic we'll have to do those tasks ourselves. one experienced worker at executive was blunt about the anticipated impact. >> in
Search Results 0 to 13 of about 14